It’s wonderful when a person finds that special someone they want to spend their life with. But when it finally comes time to buy the engagement ring it can be a stressful and expensive process. Here are a few tips to help you find a beautiful engagement ring that fits your budget.
Start by determining what you can afford. Look at what you have set aside and how much you can save each month before you plan to pop the question, and let this be your engagement ring budget. Once this is decided you are ready to start looking for the perfect ring.
Choosing white gold over platinum for your ring’s metal is an easy way to save some money. White gold is significantly cheaper than platinum. Also 10K or 14K gold costs less than 18K. The amount of gold the ring uses can affect the overall cost, so a traditional prong setting not only shows off the diamond, it also uses less metal than a bezel style.
Make The Center Stone “Look Larger”
Since the majority of the cost of the ring is in the center stone consider designs that make it look larger, such as the Halo or Pave settings. These settings add some extra bling, and will give the illusion that the center stone is larger.
Buying Online and Other Tips
Buying online is a great way to keep costs down as well as having access to a wide selection of choices. Online stores don’t have the overhead of brick and mortar stores and no sales pitch either! They often run sales as well.
Another tip, look into buying a wedding set. It is often cheaper to buy both the engagement ring and the wedding band at the same time. Or consider a Diamond Upgrade Program, give her what you can afford now, then trade it in for a larger diamond in the future.
Thanks to the marriage of Kate and Prince William, a colored gemstone for the center stone is becoming a popular alternative to the more expensive diamond. Also consider a family ring or remounting a diamond from another piece of jewelry into your engagement ring.
Understand The Four C’s
When buying an engagement ring, it is important for shoppers to understand the Four C’s: Cut, color, clarity and carats. The Four C’s, along with shape, are the major determinants of a diamond’s price. Buying a stone with a medium color grade of G, H, or I, and clarity grades, VSI2, SI1 or SI2, will help keep costs down. Prices can jump when a diamond’s weight exceeds one carat. A diamond solitaire between 0.5 to 0.9 carats will look great yet be more affordable.
Another place to save is with the diamond’s shape. Carat for carat, a Princess shape will be less expensive than the round shaped diamond. The one place not to skimp is on cut. A poorly cut diamond will appear lifeless and dull, while a well-cut diamond will sparkle and shine in the sun.